Last week, shadow home affairs minister Andrew Hastie resigned from the Coalition’s frontbench following frustration that he would have no input into the party’s immigration policy. Hastie argues that “uncontrolled migration” has been a major contributor to the decline in housing affordability in Australia, alongside infrastructure congestion and other issues. However, shadow housing and productivity
The US President Donald Trump has said he had already made a decision on supplying long-range Tomahawk missiles to Ukraine. He however refused to reveal what the exact decision is.
“I’ve sort of made a decision on that. I would have to ask the question where are they sending them,” he told journalists at the White House on Monday.
Looking at any number of indicators of health for households within the Australian economy, the news is hardly stellar. Real wages are at levels last seen in late 2011 and if the RBA’s projected rate of growth out into the future is realised, the pre-Covid peak will be reached in the mid-2030s. Meanwhile, growth in
The post Australia’s broken economy leaves us divided appeared first on MacroBusiness.
I wrote last week about how the taxation of tobacco is one of Australia’s biggest policy failures. The federal government has repeatedly raised tobacco taxes to discourage smoking. Yet, the Australian Medical Association has warned that the availability of cheaper, illegal tobacco has led to a sharp rise in smoking rates, alongside booming organised crime
From the Market Ear: Kamikaze The Japanese 30 year has risen sharply over the past few years. Is this a similar break out move like we saw earlier this year? Gold loves it Gold loves rising Japanese 30 year yields… The streak Gold prices have now posted their 8th consecutive quarterly gain, the third-longest streak
It’s rare that any more than a month or two goes by without Prime Minister Anthony Albanese mentioning that he grew up in public housing. Every now and then it’s casually trotted out, perhaps as an attempt to connect with everyday voters that many in the ‘Canberra Bubble’ increasingly find themselves detached from. Meanwhile, the
The post Albanese’s flagship housing failure appeared first on MacroBusiness.
Last week, the government body Build Skills Australia released a report claiming that there simply aren’t enough tradespeople to meet Labor’s target to build 240,000 homes a year. Build Skills Australia shows that Australia’s rate of construction per new resident has collapsed, despite the volume of homes built over the past 20 years (174,000 dwellings
https://www.youtube.com/watch?v=hMCuSHGecyA
Roger Waters joins the show to talk about Gaza, the UN, free speech & what he wants the president of Colombia to do. Plus, he reacts to the latest crackdowns on speech, the war in Ukraine, & why some musicians are such cowards when it comes to Israel.
Point Lonsdale sunrise, Victoria AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK100 Japan 225
The post Macro Afternoon: 6 October 2025 appeared first on MacroBusiness.
The Reserve Bank of New Zealand has already delivered 2.5% of interest rate cuts, which has taken the official cash rate to 3.0% from a peak of 5.5%. As illustrated below by Justin Fabo from Antipodean Macro, the Reserve Bank’s monetary easing has lowered new mortgage rates to pre-pandemic levels, whereas weighted-average interest rates on